Rhone Poulenc: Ace after the takeover - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Rhone Poulenc: Ace after the takeover

Jan 17, 2001

Rhone Poulenc has declared impressive results with a 30.3% growth in net profit on the back of a 18% rise in the sales. The operating margins have increased by 90 basis points in the current quarter vis–a–vis the corresponding quarter of the last year. Rhone is the second biggest player in the Rs 4.84 bn cough and colds segment after Pfizer. It's product Phensedyl ranks only next to Pfizer's Corex in terms of market share. The product which grew by 21% last year, contributes more than 15% to the company's turnover.

(Rs m) 3QFY00 3QFY01 Change
Sales 517 610 18.0%
Other Income 21 33 53.7%
Expenditure 432 505 16.8%
Operating Profit (EBDIT) 85 106 24.1%
Operating Profit Margin (%) 16.4% 17.3%  
Interest 1 1  
Depreciation 7 7 -9.6%
Profit before Tax 98 131 33.5%
Other Adjustments   -  
Tax 34 48 39.7%
Profit after Tax/(Loss) 64 84 30.3%
Net profit margin (%) 12.4% 13.7%  
Earnings per share* 56.98 74.22  
*annualised      

A 40% stake in the company was recently acquired by Nicholas Piramal, which has made an open offer for another 20% stake under the SEBI guidelines at a price of Rs 875.

The stock quotes at Rs 760, which implies an earnings multiple of less than 11 times 3QFY01 annualised earnings.

Equitymaster requests your view! Post a comment on "Rhone Poulenc: Ace after the takeover". Click here!

  

More Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

A Critical Update on the Market (Fast Profits Daily)

Mar 30, 2021

In this video, I'll tell you why I am recommending caution in the market at this time.

My Recent Recommendation Will Profit from the Global Supply Chain Crisis (Profit Hunter)

Mar 31, 2021

A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.

My Stock Trading Strategy (Fast Profits Daily)

Mar 31, 2021

In this video I'll show you exactly how I go about picking stocks for trading.

What You Need to Find Hundred Baggers (Profit Hunter)

Mar 30, 2021

100 baggers of the last decade share this common trait. Here's how to use it to nail future multibaggers.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS